81_FR_9607 81 FR 9570 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.6, Definitions, To Amend the Operation of Orders With a Non-Displayed Instruction and Orders With Reserve Quantity

81 FR 9570 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.6, Definitions, To Amend the Operation of Orders With a Non-Displayed Instruction and Orders With Reserve Quantity

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 37 (February 25, 2016)

Page Range9570-9571
FR Document2016-03950

Federal Register, Volume 81 Issue 37 (Thursday, February 25, 2016)
[Federal Register Volume 81, Number 37 (Thursday, February 25, 2016)]
[Notices]
[Pages 9570-9571]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-03950]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77190; File No. SR-EDGA-2016-03]


Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 
11.6, Definitions, To Amend the Operation of Orders With a Non-
Displayed Instruction and Orders With Reserve Quantity

February 19, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on February 10, 2016, EDGA Exchange, Inc. (the ``Exchange'' or 
``EDGA'') filed with the Securities and Exchange Commission (the 
``Commission'') the proposed rule change as described in Items I and II 
below, which Items have been prepared by the Exchange. The Exchange has 
designated this proposal as a ``non-controversial'' proposed rule 
change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-
4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with 
the Commission. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(6)(iii).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange is proposing to amend the operation of orders with a 
Non-Displayed \5\ instruction and orders with Reserve Quantity \6\ 
under Rule 11.6, Definitions, when they are to be routed away from the 
Exchange pursuant to the Post to Away routing option set forth in Rule 
11.11(g)(15).
---------------------------------------------------------------------------

    \5\ See Exchange Rule 11.6(e)(2).
    \6\ See Exchange Rule 11.6(m).
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    The text of the proposed rule change is available at the Exchange's 
Web site at www.batstrading.com, at the principal office of the 
Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
Sections A, B, and C below, of the most significant parts of such 
statements.

(A) Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    Non-Displayed is an instruction the User may attach to an order 
stating that the order is not to be displayed by the System on the EDGA 
Book.\7\ A Reserve Quantity is the portion of an order that includes a 
Non-Displayed instruction in which a portion of that order is also 
displayed on the EDGA Book.\8\ Both the portion of the order with a 
Displayed instruction and the Reserve Quantity are available for 
execution against incoming orders. Under the Post to Away routing 
option, the remainder of an order that was previously routed away and 
returned to the Exchange may be re-routed to and post on the order book 
of a destination on the System routing table \9\ as specified by the 
User.\10\
---------------------------------------------------------------------------

    \7\ See Exchange Rule 11.6(e)(2). The term ``EDGA Book'' is 
defined as ``the System's electronic file of orders.'' See Exchange 
Rule 1.5(d).
    \8\ See Exchange Rule 11.6(m).
    \9\ The term ``System routing table'' refers to the proprietary 
process for determining the specific trading venues to which the 
System routes orders and the order in which it routes them. See 
Exchange Rule 11.11(g).
    \10\ See Exchange Rule 11.11(g)(15). The Post to Away routing 
option can be combined with the following routing strategies: ROUT, 
ROUX, ROUE, ROUD, ROUZ, ROUQ, RDOT, RDOX, ROBB, ROCO, INET, IOCM and 
ICMT. Id. The User may elect that the order be cancelled or post to 
the EDGA Book upon its initial return to the Exchange. Id. An order 
subject to the ROUT, ROUX, ROUE, ROUD, ROUZ, ROUQ, RDOT, RDOX, ROBB, 
ROCO, INET, IOCM and ICMT routing options will not be posted to the 
order book of the Trading Center to which it is routed. 
Alternatively, if the User had selected the Post to Away routing 
option, the order would be currently routed to the away Trading 
Center as an order with a Displayed instruction.
---------------------------------------------------------------------------

    Currently, orders with a Non-Displayed instruction or Reserve 
Quantity that are routed to an away Trading Center pursuant to the Post 
to Away routing option are routed as fully displayed orders. The 
Exchange proposes to include a Non-Displayed instruction or to include 
a Reserve Quantity on orders routed to an away Trading Center. The 
Exchange believes doing so is consistent with the original intent of 
the order, to be Non-Displayed or to include a Reserve Quantity.\11\
---------------------------------------------------------------------------

    \11\ Orders to be routed with a Non-Displayed instruction or a 
Reserve Quantity would be handled in accordance with the rules of 
the Trading Center to which they are routed.
---------------------------------------------------------------------------

    The Exchange, therefore, proposes to amend the definition of Non-
Displayed under Exchange Rule 11.6(d)(2) to state that an order with a 
Non-Displayed instruction that is to be re-routed pursuant to the Post 
to Away routing option set forth in Rule 11.11(g)(15) will be 
identified as Non-Displayed when routed to an away Trading Center. 
Similarly, the Exchange proposes to amend the definition of Reserve 
Quantity under Exchange Rule 11.6(m) to state that the Reserve Quantity 
of an order that is to be re-routed pursuant to the Post to Away 
routing option set forth in Rule 11.11(g)(15) will be identified as an 
order with a Reserve Quantity when routed to an away Trading Center.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\12\ in general, and furthers the 
objectives of Section 6(b)(5) of the Act,\13\ in particular, in that it 
is designed to prevent fraudulent and manipulative acts and practices, 
to promote just and equitable principles of trade, and to remove 
impediments to and perfect the mechanism of a free and open market and 
a national market system. The proposal promotes just and equitable 
principles of trade because by enabling Members to continue to identify 
their order as an order with a Non-Displayed instruction or an order 
with Reserve Quantity when they are re-routed to an away Trading 
Center. The proposal also removes impediments to and perfects the 
mechanism of a free and open market and a national market

[[Page 9571]]

system by providing Users the flexibility with regard to the handling 
of their orders by ensuring that the order is not altered and retains 
its original instructions from order entry when it is routed to an away 
Trading Center. Doing so ensures that such orders that are routed 
pursuant to the Post to Away routing option may be posted to the away 
Trading Center's order book consistent with the order's original 
instructions.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78f.
    \13\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

(B) Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange believes its proposed rule change would not impose any 
burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. The Exchange believes the 
proposal would enhance competition by attracting additional order flow 
to the Exchange because it allows Users to ensure that their order is 
not altered and retains its original instructions from order entry when 
it is routed to an away Trading Center.

(C) Self-Regulatory Organization's Statement on Comments on the 
Proposed Rule Change Received From Members, Participants or Others

    The Exchange has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any unsolicited written comments from Members or other interested 
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the foregoing proposed rule change does not: (A) 
Significantly affect the protection of investors or the public 
interest; (B) impose any significant burden on competition; and (C) 
become operative for 30 days from the date on which it was filed or 
such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A) of the Act \14\ and paragraph 
(f)(6) of Rule 19b-4 thereunder.\15\ The Exchange has given the 
Commission written notice of its intent to file the proposed rule 
change, along with a brief description and text of the proposed rule 
change at least five business days prior to the date of filing of the 
proposed rule change, or such shorter time as designated by the 
Commission.
---------------------------------------------------------------------------

    \14\ 15 U.S.C. 78s(b)(3)(A).
    \15\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is: (1) 
Necessary or appropriate in the public interest; (2) for the protection 
of investors; or (3) otherwise in furtherance of the purposes of the 
Act. If the Commission takes such action, the Commission shall 
institute proceedings to determine whether the proposed rule should be 
approved or disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposal is 
consistent with the Act. Comments may be submitted by any of the 
following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-EDGA-2016-03 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-EDGA-2016-03. This file 
number should be included on the subject line if email is used. To help 
the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web-site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. Copies of such filing will also be available 
for inspection and copying at the principal office of the Exchange. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submissions should refer to File Number SR-EDGA-2016-03 and should be 
submitted on or before March 17, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\16\
---------------------------------------------------------------------------

    \16\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Brent J. Fields,
Secretary.
[FR Doc. 2016-03950 Filed 2-24-16; 8:45 am]
 BILLING CODE 8011-01-P



                                                  9570                         Federal Register / Vol. 81, No. 37 / Thursday, February 25, 2016 / Notices

                                                  10:00 a.m. and 3:00 p.m. Copies of such                 Displayed 5 instruction and orders with                    Currently, orders with a Non-
                                                  filing will also be available for                       Reserve Quantity 6 under Rule 11.6,                      Displayed instruction or Reserve
                                                  inspection and copying at the principal                 Definitions, when they are to be routed                  Quantity that are routed to an away
                                                  office of the Exchange. All comments                    away from the Exchange pursuant to the                   Trading Center pursuant to the Post to
                                                  received will be posted without change;                 Post to Away routing option set forth in                 Away routing option are routed as fully
                                                  the Commission does not edit personal                   Rule 11.11(g)(15).                                       displayed orders. The Exchange
                                                  identifying information from                               The text of the proposed rule change                  proposes to include a Non-Displayed
                                                  submissions. You should submit only                     is available at the Exchange’s Web site                  instruction or to include a Reserve
                                                  information that you wish to make                       at www.batstrading.com, at the                           Quantity on orders routed to an away
                                                  available publicly. All submissions                     principal office of the Exchange, and at                 Trading Center. The Exchange believes
                                                  should refer to File No. SR–BATS–                       the Commission’s Public Reference                        doing so is consistent with the original
                                                  2016–18 and should be submitted on or                   Room.                                                    intent of the order, to be Non-Displayed
                                                  before March 17, 2016.                                  II. Self-Regulatory Organization’s                       or to include a Reserve Quantity.11
                                                    For the Commission, by the Division of                                                                           The Exchange, therefore, proposes to
                                                                                                          Statement of the Purpose of, and
                                                  Trading and Markets, pursuant to delegated                                                                       amend the definition of Non-Displayed
                                                                                                          Statutory Basis for, the Proposed Rule
                                                  authority.16                                                                                                     under Exchange Rule 11.6(d)(2) to state
                                                                                                          Change
                                                  Brent J. Fields,                                                                                                 that an order with a Non-Displayed
                                                                                                             In its filing with the Commission, the                instruction that is to be re-routed
                                                  Secretary.
                                                                                                          Exchange included statements                             pursuant to the Post to Away routing
                                                  [FR Doc. 2016–03948 Filed 2–24–16; 8:45 am]             concerning the purpose of and basis for                  option set forth in Rule 11.11(g)(15) will
                                                  BILLING CODE 8011–01–P                                  the proposed rule change and discussed                   be identified as Non-Displayed when
                                                                                                          any comments it received on the                          routed to an away Trading Center.
                                                                                                          proposed rule change. The text of these                  Similarly, the Exchange proposes to
                                                  SECURITIES AND EXCHANGE                                 statements may be examined at the
                                                  COMMISSION                                                                                                       amend the definition of Reserve
                                                                                                          places specified in Item IV below. The                   Quantity under Exchange Rule 11.6(m)
                                                                                                          Exchange has prepared summaries, set                     to state that the Reserve Quantity of an
                                                  [Release No. 34–77190; File No. SR–EDGA–
                                                  2016–03]                                                forth in Sections A, B, and C below, of                  order that is to be re-routed pursuant to
                                                                                                          the most significant parts of such                       the Post to Away routing option set
                                                  Self-Regulatory Organizations; EDGA                     statements.                                              forth in Rule 11.11(g)(15) will be
                                                  Exchange, Inc.; Notice of Filing and                    (A) Self-Regulatory Organization’s                       identified as an order with a Reserve
                                                  Immediate Effectiveness of a Proposed                   Statement of the Purpose of, and                         Quantity when routed to an away
                                                  Rule Change to Rule 11.6, Definitions,                  Statutory Basis for, the Proposed Rule                   Trading Center.
                                                  To Amend the Operation of Orders                        Change                                                   2. Statutory Basis
                                                  With a Non-Displayed Instruction and
                                                  Orders With Reserve Quantity                            1. Purpose                                                  The Exchange believes that the
                                                                                                             Non-Displayed is an instruction the                   proposed rule change is consistent with
                                                  February 19, 2016.                                                                                               Section 6(b) of the Act,12 in general, and
                                                                                                          User may attach to an order stating that
                                                     Pursuant to Section 19(b)(1) of the                  the order is not to be displayed by the                  furthers the objectives of Section 6(b)(5)
                                                  Securities Exchange Act of 1934 (the                    System on the EDGA Book.7 A Reserve                      of the Act,13 in particular, in that it is
                                                  ‘‘Act’’),1 and Rule 19b–4 thereunder,2                  Quantity is the portion of an order that                 designed to prevent fraudulent and
                                                  notice is hereby given that on February                 includes a Non-Displayed instruction in                  manipulative acts and practices, to
                                                  10, 2016, EDGA Exchange, Inc. (the                      which a portion of that order is also                    promote just and equitable principles of
                                                  ‘‘Exchange’’ or ‘‘EDGA’’) filed with the                displayed on the EDGA Book.8 Both the                    trade, and to remove impediments to
                                                  Securities and Exchange Commission                      portion of the order with a Displayed                    and perfect the mechanism of a free and
                                                  (the ‘‘Commission’’) the proposed rule                  instruction and the Reserve Quantity are                 open market and a national market
                                                  change as described in Items I and II                   available for execution against incoming                 system. The proposal promotes just and
                                                  below, which Items have been prepared                   orders. Under the Post to Away routing                   equitable principles of trade because by
                                                  by the Exchange. The Exchange has                       option, the remainder of an order that                   enabling Members to continue to
                                                  designated this proposal as a ‘‘non-                    was previously routed away and                           identify their order as an order with a
                                                  controversial’’ proposed rule change                    returned to the Exchange may be re-                      Non-Displayed instruction or an order
                                                  pursuant to Section 19(b)(3)(A) of the                  routed to and post on the order book of                  with Reserve Quantity when they are re-
                                                  Act 3 and Rule 19b–4(f)(6)(iii)                         a destination on the System routing                      routed to an away Trading Center. The
                                                  thereunder,4 which renders it effective                 table 9 as specified by the User.10                      proposal also removes impediments to
                                                  upon filing with the Commission. The                                                                             and perfects the mechanism of a free
                                                  Commission is publishing this notice to                   5 See  Exchange Rule 11.6(e)(2).                       and open market and a national market
                                                  solicit comments on the proposed rule                     6 See  Exchange Rule 11.6(m).
                                                  change from interested persons.                            7 See Exchange Rule 11.6(e)(2). The term ‘‘EDGA       upon its initial return to the Exchange. Id. An order
                                                                                                          Book’’ is defined as ‘‘the System’s electronic file of   subject to the ROUT, ROUX, ROUE, ROUD, ROUZ,
                                                  I. Self-Regulatory Organization’s                       orders.’’ See Exchange Rule 1.5(d).                      ROUQ, RDOT, RDOX, ROBB, ROCO, INET, IOCM
                                                  Statement of the Terms of Substance of                     8 See Exchange Rule 11.6(m).                          and ICMT routing options will not be posted to the
                                                  the Proposed Rule Change                                   9 The term ‘‘System routing table’’ refers to the     order book of the Trading Center to which it is
                                                                                                          proprietary process for determining the specific         routed. Alternatively, if the User had selected the
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                    The Exchange is proposing to amend                    trading venues to which the System routes orders         Post to Away routing option, the order would be
                                                  the operation of orders with a Non-                     and the order in which it routes them. See               currently routed to the away Trading Center as an
                                                                                                          Exchange Rule 11.11(g).                                  order with a Displayed instruction.
                                                                                                             10 See Exchange Rule 11.11(g)(15). The Post to          11 Orders to be routed with a Non-Displayed
                                                    16 17 CFR 200.30–3(a)(12).
                                                                                                          Away routing option can be combined with the             instruction or a Reserve Quantity would be handled
                                                    1 15 U.S.C. 78s(b)(1).                                following routing strategies: ROUT, ROUX, ROUE,          in accordance with the rules of the Trading Center
                                                    2 17 CFR 240.19b–4.                                                                                            to which they are routed.
                                                                                                          ROUD, ROUZ, ROUQ, RDOT, RDOX, ROBB, ROCO,
                                                    3 15 U.S.C. 78s(b)(3)(A).                                                                                        12 15 U.S.C. 78f.
                                                                                                          INET, IOCM and ICMT. Id. The User may elect that
                                                    4 17 CFR 240.19b–4(f)(6)(iii).                        the order be cancelled or post to the EDGA Book            13 15 U.S.C. 78f(b)(5).




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                                                                                   Federal Register / Vol. 81, No. 37 / Thursday, February 25, 2016 / Notices                                               9571

                                                  system by providing Users the flexibility                  it appears to the Commission that such                2016–03 and should be submitted on or
                                                  with regard to the handling of their                       action is: (1) Necessary or appropriate in            before March 17, 2016.
                                                  orders by ensuring that the order is not                   the public interest; (2) for the protection             For the Commission, by the Division of
                                                  altered and retains its original                           of investors; or (3) otherwise in                     Trading and Markets, pursuant to delegated
                                                  instructions from order entry when it is                   furtherance of the purposes of the Act.               authority.16
                                                  routed to an away Trading Center. Doing                    If the Commission takes such action, the              Brent J. Fields,
                                                  so ensures that such orders that are                       Commission shall institute proceedings                Secretary.
                                                  routed pursuant to the Post to Away                        to determine whether the proposed rule
                                                                                                                                                                   [FR Doc. 2016–03950 Filed 2–24–16; 8:45 am]
                                                  routing option may be posted to the                        should be approved or disapproved.
                                                                                                                                                                   BILLING CODE 8011–01–P
                                                  away Trading Center’s order book                           IV. Solicitation of Comments
                                                  consistent with the order’s original
                                                  instructions.                                                Interested persons are invited to
                                                                                                             submit written data, views and                        SECURITIES AND EXCHANGE
                                                  (B) Self-Regulatory Organization’s                         arguments concerning the foregoing,                   COMMISSION
                                                  Statement on Burden on Competition                         including whether the proposal is                     [Release No. 34–77189; File No. SR–EDGX–
                                                    The Exchange believes its proposed                       consistent with the Act. Comments may                 2016–08]
                                                  rule change would not impose any                           be submitted by any of the following
                                                  burden on competition that is not                          methods:                                              Self-Regulatory Organizations; EDGX
                                                  necessary or appropriate in furtherance                                                                          Exchange, Inc.; Notice of Filing and
                                                                                                             Electronic Comments                                   Immediate Effectiveness of a Proposed
                                                  of the purposes of the Act. The
                                                  Exchange believes the proposal would                         • Use the Commission’s Internet                     Rule Change to Rule 11.6, Definitions,
                                                  enhance competition by attracting                          comment form (http://www.sec.gov/                     To Amend the Operation of Orders
                                                  additional order flow to the Exchange                      rules/sro.shtml); or                                  With a Non-Displayed Instruction and
                                                                                                               • Send an email to rule-comments@                   Orders With Reserve Quantity
                                                  because it allows Users to ensure that
                                                                                                             sec.gov. Please include File Number SR–
                                                  their order is not altered and retains its                                                                       February 19, 2016.
                                                                                                             EDGA–2016–03 on the subject line.
                                                  original instructions from order entry                                                                              Pursuant to Section 19(b)(1) of the
                                                  when it is routed to an away Trading                       Paper Comments                                        Securities Exchange Act of 1934 (the
                                                  Center.                                                       • Send paper comments in triplicate                ‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                  (C) Self-Regulatory Organization’s                         to Secretary, Securities and Exchange                 notice is hereby given that on February
                                                  Statement on Comments on the                               Commission, 100 F Street NE.,                         10, 2016, EDGX Exchange, Inc. (the
                                                  Proposed Rule Change Received From                         Washington, DC 20549–1090.                            ‘‘Exchange’’ or ‘‘EDGX’’) filed with the
                                                  Members, Participants or Others                            All submissions should refer to File                  Securities and Exchange Commission
                                                                                                             Number SR–EDGA–2016–03. This file                     (the ‘‘Commission’’) the proposed rule
                                                    The Exchange has not solicited, and
                                                                                                             number should be included on the                      change as described in Items I and II
                                                  does not intend to solicit, comments on
                                                                                                             subject line if email is used. To help the            below, which Items have been prepared
                                                  this proposed rule change. The
                                                                                                             Commission process and review your                    by the Exchange. The Exchange has
                                                  Exchange has not received any
                                                                                                             comments more efficiently, please use                 designated this proposal as a ‘‘non-
                                                  unsolicited written comments from
                                                                                                             only one method. The Commission will                  controversial’’ proposed rule change
                                                  Members or other interested parties.
                                                                                                             post all comments on the Commission’s                 pursuant to Section 19(b)(3)(A) of the
                                                  III. Date of Effectiveness of the                          Internet Web site (http://www.sec.gov/                Act 3 and Rule 19b–4(f)(6)(iii)
                                                  Proposed Rule Change and Timing for                        rules/sro.shtml). Copies of the                       thereunder,4 which renders it effective
                                                  Commission Action                                          submission, all subsequent                            upon filing with the Commission. The
                                                     Because the foregoing proposed rule                     amendments, all written statements                    Commission is publishing this notice to
                                                  change does not: (A) Significantly affect                  with respect to the proposed rule                     solicit comments on the proposed rule
                                                  the protection of investors or the public                  change that are filed with the                        change from interested persons.
                                                  interest; (B) impose any significant                       Commission, and all written                           I. Self-Regulatory Organization’s
                                                  burden on competition; and (C) become                      communications relating to the                        Statement of the Terms of Substance of
                                                  operative for 30 days from the date on                     proposed rule change between the                      the Proposed Rule Change
                                                  which it was filed or such shorter time                    Commission and any person, other than
                                                                                                             those that may be withheld from the                      The Exchange is proposing to amend
                                                  as the Commission may designate, it has
                                                                                                             public in accordance with the                         the operation of orders with a Non-
                                                  become effective pursuant to Section
                                                                                                             provisions of 5 U.S.C. 552, will be                   Displayed 5 instruction and orders with
                                                  19(b)(3)(A) of the Act 14 and paragraph
                                                                                                             available for Web-site viewing and                    Reserve Quantity 6 under Rule 11.6,
                                                  (f)(6) of Rule 19b–4 thereunder.15 The
                                                                                                             printing in the Commission’s Public                   Definitions, when they are to be routed
                                                  Exchange has given the Commission
                                                                                                             Reference Room, 100 F Street NE.,                     away from the Exchange pursuant to the
                                                  written notice of its intent to file the
                                                                                                             Washington, DC 20549, on official                     Post to Away routing option set forth in
                                                  proposed rule change, along with a brief
                                                                                                             business days between the hours of                    Rule 11.11(g)(12).
                                                  description and text of the proposed                                                                                The text of the proposed rule change
                                                  rule change at least five business days                    10:00 a.m. and 3:00 p.m. Copies of such
                                                                                                             filing will also be available for                     is available at the Exchange’s Web site
                                                  prior to the date of filing of the                                                                               at www.batstrading.com, at the
                                                  proposed rule change, or such shorter                      inspection and copying at the principal
                                                                                                                                                                   principal office of the Exchange, and at
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                  time as designated by the Commission.                      office of the Exchange. All comments
                                                     At any time within 60 days of the                       received will be posted without change;                 16 17 CFR 200.30–3(a)(12).
                                                  filing of the proposed rule change, the                    the Commission does not edit personal                   1 15 U.S.C. 78s(b)(1).
                                                  Commission summarily may                                   identifying information from                            2 17 CFR 240.19b–4.

                                                  temporarily suspend such rule change if                    submissions. You should submit only                     3 15 U.S.C. 78s(b)(3)(A).
                                                                                                             information that you wish to make                       4 17 CFR 240.19b–4(f)(6)(iii).
                                                    14 15   U.S.C. 78s(b)(3)(A).                             available publicly. All submissions                     5 See Exchange Rule 11.6(e)(2).
                                                    15 17   CFR 240.19b–4.                                   should refer to File Number SR–EDGA–                    6 See Exchange Rule 11.6(m).




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Document Created: 2018-02-02 14:35:04
Document Modified: 2018-02-02 14:35:04
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 9570 

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